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Dec 11, 2012
12/12
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obama left that drama behind and told supporters in suburban detroit the fiscal cliff is serious business. >> if congress doesn't act soon, meaning in the next few weeks, starting on january 1st, everybody's going to see their income taxes go up. >> reporter: boehner and house republicans want to preserve all the bush era tax rates due to expire at year's end, shielding everyone from a tax increase. mr. obama wants to raise them for households earning more than $250,000 a year. he has so far resisted gop demands for spending cuts to health care or education. >> i'm not going to have a situation where the wealthiest among us, including folks like me, get to keep all our tax breaks and then we're asking students to pay higher student loans. >> reporter: even so, democrats worry mr. obama might cave to republicans, their biggest fear, the president will do what he considered in 2011, raise the eligibility age for medicare, a top house democrat monday warned the white house to tread lightly. >> now that would save a lot of money for the federal government and look good on the balance sheet bu
obama left that drama behind and told supporters in suburban detroit the fiscal cliff is serious business. >> if congress doesn't act soon, meaning in the next few weeks, starting on january 1st, everybody's going to see their income taxes go up. >> reporter: boehner and house republicans want to preserve all the bush era tax rates due to expire at year's end, shielding everyone from a tax increase. mr. obama wants to raise them for households earning more than $250,000 a year. he...
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Nov 28, 2012
11/12
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all the fiscal cliff, hey talk about us a little bit. we have our own fiscal cliff. if they act now we'll get this whole thing behind us and we can be profitable and focus on growing the postal business. >> thank you. good to have you here. >>> you don't often hear a supreme court justice tell americans to get over it. antonin calia said that about the bush-gore election. [ laughter ] [ girl ] wow, you guys have it easy. i wish i had u-verse when i was your age. in my day, we didn't have these fancy wireless receivers. blah blah blah. if i had a sleepover, i couldn't just move the tv into the playroom. no. we had to watch movies in the den because that's where the tv outlet was. and if dad was snoring on the couch, we muscled through it. is she for real? your generation has it made. [ male announcer ] the wireless receiver only from at&t u-verse. get a free wireless receiver with a qualifying u-verse plan. rethink possible. over thanksgiving, vice president joe biden took part in the annual cold turkey plunge fundraiser by jumping into the ocean. in fact the water wa
all the fiscal cliff, hey talk about us a little bit. we have our own fiscal cliff. if they act now we'll get this whole thing behind us and we can be profitable and focus on growing the postal business. >> thank you. good to have you here. >>> you don't often hear a supreme court justice tell americans to get over it. antonin calia said that about the bush-gore election. [ laughter ] [ girl ] wow, you guys have it easy. i wish i had u-verse when i was your age. in my day, we...
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Dec 5, 2012
12/12
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president obama meets today with business leaders focusing on ab boarding the fiscal cliff. on capitol hill democrats and republicans are not meeting and a deal does not seem to be close. in a just-released gallup poll, 62% of americans want to see a compromise. 25% want republican and democratic leaders to hold firm on spending cuts and tax increases. major garrett is at the white house this morning. >> reporter: there is a common thread running through all of this. the public wants a deal. so do the governors, mayors, civic leaders, business executives and everyone else who has come through capitol hill and the white house to talk about the fiscal cliff. for the first time since this drama began to play out on a very public stage, yesterday there were no substantive negotiations or conversations whatsoever, none at all. and here is what the public thinks about all this. if, in fact, the nation does go off the fiscal cliff and negative consequences ensue, by a two to one ratio, by the most recent poll, it will blame republican, not the white house. the white house knows thi
president obama meets today with business leaders focusing on ab boarding the fiscal cliff. on capitol hill democrats and republicans are not meeting and a deal does not seem to be close. in a just-released gallup poll, 62% of americans want to see a compromise. 25% want republican and democratic leaders to hold firm on spending cuts and tax increases. major garrett is at the white house this morning. >> reporter: there is a common thread running through all of this. the public wants a...
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Oct 8, 2012
10/12
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if the fiscal cliff can be dealt with in the lame duck session you'll see more growth in the economy. >> i love your personal story, david rubenstein because here you are, your dad was a postal worker, never made more than $8,000. you said money was never on your radar screen. when and how did that change for you >> when i grew up money wasn't important. i was interested in other things. sports. i thought i would be a great professional baseball player but that didn't work out. i went to law school and wanted to work in service. i served in the white house under president carter. i went back and practiced law. i wasn't that great of a lawyer and not a great demand of service. i decided to do something different. i start ad company and it took off. so i did get fortunate to make more money than i probably can spend and therefore i'm committed to giving away the bulk of it. >> when you started your company you were 38 years old. you were telling me in the green room that believes kids today, young people today should try many things before the age of 30 because before 30 you really don'
if the fiscal cliff can be dealt with in the lame duck session you'll see more growth in the economy. >> i love your personal story, david rubenstein because here you are, your dad was a postal worker, never made more than $8,000. you said money was never on your radar screen. when and how did that change for you >> when i grew up money wasn't important. i was interested in other things. sports. i thought i would be a great professional baseball player but that didn't work out. i...
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Nov 20, 2012
11/12
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tonight scott pelley will talk with the ceo of honeywell about the fiscal cliff and what to do about it tonight on the "cbs evening news." >>> now to a business story that could impact a ton of consumers this busy shopping week. more protests planned outside the walmart stores. some employees are giving up work as the holiday shopping season gets under way. they say it's all about low wages and a lack of respect. >> reporter: these protesters in a maryland walmart are demanding better pay and better treatment. >> they want us to be silent. in being silent they don't have to hear what changes need to be made in the store. >> reporter: across the country some walmart employees are planning to walk off the job on the biggest shopping day of the year. >> are you scheduled to work on black friday? >> yes. >> do you plan to go work on black friday? >> i do not. >> dan hindman has worked at this walmart for four years. he says their low prices are because of his low wanls. the former employee of the month makes $9.80 an hour. he lost custody of his 4-year-old son whom he struggles to suppor
tonight scott pelley will talk with the ceo of honeywell about the fiscal cliff and what to do about it tonight on the "cbs evening news." >>> now to a business story that could impact a ton of consumers this busy shopping week. more protests planned outside the walmart stores. some employees are giving up work as the holiday shopping season gets under way. they say it's all about low wages and a lack of respect. >> reporter: these protesters in a maryland walmart are...
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Oct 24, 2012
10/12
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cliff. people are already cash strapped in this economy. if that money goes out, all of a sudden they don't have the aability to buy the things that are helping to generate business and jobs in this economy. >> and there's a general global slowdown in the economy across the globe. >> absolutely. you have it in europe, china. those two factors -- you look at the companies that have come out and been particularly negative, they are the multi-nationals that need to see growth elsewhere to recover fully as well. >> rebecca jarvis, thank you very much. >>> in the caribbean, tropical storm sandy is expected to become a hurricane later today, headed toward jamaica, cuba and could affect the east coast of the u.s. this weekend. cbs 4 is watching sandy. david, tell us what's happening with this storm. >> here is the latest. you're right, sandy is very close to hurricane with 70-mile-per-hour winds, just south of jamaica this morning, moving quicker to the north at 14 miles per hour. let's look ahead
cliff. people are already cash strapped in this economy. if that money goes out, all of a sudden they don't have the aability to buy the things that are helping to generate business and jobs in this economy. >> and there's a general global slowdown in the economy across the globe. >> absolutely. you have it in europe, china. those two factors -- you look at the companies that have come out and been particularly negative, they are the multi-nationals that need to see growth elsewhere...
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Dec 13, 2012
12/12
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ben bernanke, the chairman of the federal reserve, said anxiety over the fiscal cliff is already hurting the u.s. economy, undermining consumer confidence and delaying job-creating business investment. and he said there's nothing the fed can do to prevent a recession if there's not a deal here in washington. but this morning, like so many mornings before it, has not provoked either side to come closer to a deal. days of strategic silence descended wednesday into partisan frustration over the seemingly end its stalemate. house speaker john boehner on president obama. >> his plan does not fulfill his promise to bring a balanced approach to solving this problem. it's mainly tax hikes. and his plan does not begin to solve our debt crisis. it actually increases spending. >> and here's white house spokesman jay carney's dismiss i've assessment of boehner's proposal to permanently extend all income tax rates until they're replaced next year under a redrawn tax code with fewer loopholes and deductions. >> those magic beans are just beans and that fairy dust is just dust. it is not serious. and t
ben bernanke, the chairman of the federal reserve, said anxiety over the fiscal cliff is already hurting the u.s. economy, undermining consumer confidence and delaying job-creating business investment. and he said there's nothing the fed can do to prevent a recession if there's not a deal here in washington. but this morning, like so many mornings before it, has not provoked either side to come closer to a deal. days of strategic silence descended wednesday into partisan frustration over the...